Matalan
This coverage explores Matalan’s strategy and performance in the UK retail sector, focusing on store operations, financial results, leadership decisions, and brand positioning. Reporting highlights how Matalan responds to market challenges and customer trends, offering insights for retail executives, managers, and professionals monitoring value-focused and family-oriented retail.
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Sep- 2020 -14 SeptemberDepartment Stores
Matalan CEO steps down
Matalan CEO Jason Hargreaves has stepped down from leading his family’s company after seven years at the helm. Hargreaves is the son of Matalan owner John Hargreaves, who founded the fashion and homewares retailer in 1985, and will continue at the company as a strategic adviser for the board. Steve…
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7 SeptemberSupermarkets
Asda future could be decided this week as takeover deadline looms
The future of ‘Big Four’ grocer Asda could be decided as early as this week, as rival private equity firms reportedly finalise their bids. According to The Telegraph, bids for the grocer, which is valued at around £6.5bn, are due today (Monday 7 September) with private equity firms Apollo Global…
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Aug- 2020 -21 AugustHigh Street
Ex-Asda and Debenhams chiefs in rival £6.5bn bids for Asda
Retail bosses Paul Mason and Rob Templeman are reportedly set to launch rival £6.5bn bids for supermarket giant Asda. According to Sky News, the former Asda and Debenhams chief executives are being lined up to front bids from Apollo Global Management and Lone Star Funds respectively. It comes after Walmart,…
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Jul- 2020 -20 JulyClothing & Shoes
UK retailers call for ‘urgent action’ to end labour exploitation
A number of fashion retailers including Asos, Missguided, River Island and M&S have called on the Home Secretary, Priti Patel, to take “urgent action” to address exploitation in the UK’s fashion supply chain. Retailers including George at Asda, Joules, Matalan, Morrisons, Mountain Warehouse, N Brown, Next and The Very Group,…
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Jun- 2020 -15 JuneCoronavirus
Matalan seeks £29m HQ sale
Matalan is reportedly seeking a sale of its Liverpool-based headquarters as it looks to inject more cash into the business as the coronavirus pandemic continues. According to the Sunday Times, the retailer is looking to raise around £28.5m from a sale and leaseback of the property. Reports also suggest that…
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May- 2020 -21 MayCoronavirus
Matalan reopens 15 retail park stores
Matalan has reportedly opened a select number of its stores located in retail parks across the country. According to Drapers, the retailer has reopened 15 of its stores following changes to the government’s guidance on 1 May that classes homeware as essential. As such around 417 members of staff have…
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20 MayHigh Street
Matalan founder sues PwC over ‘misguided’ tax advice
PwC is reportedly being sued by the founder of Matalan over “misguided” tax advice. John Hargreaves, who set up the business in 1975, alleges the firm failed to give him correct guidance following his move to Monaco, leaving him with substantial tax liabilities for which he was pursued by HMRC.…
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Apr- 2020 -14 AprilHigh Street
Matalan owner reportedly seeking £60m amid store closures
The owner of Matalan, John Hargreaves, is reportedly seeking a cash injection of £60m to support the fashion retailer through the Covid-19 pandemic, after the group was “forced” to close its 232 stores. According to the Mail on Sunday, a statement issued to bondholders claimed the retailer had not faced…
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Mar- 2020 -31 MarchCoronavirus
Matalan employees furloughed, ‘massive win’ for safety says GMB
Matalan has announced all warehouse staff will be offered furlough leave in light of the coronavirus pandemic. The GMB said the move was a “massive win for victory and common sense”, and came after the union and workers put “sustained pressure” on the retailer. The union said that the “massive…
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Oct- 2019 -21 OctoberPeople Moves
Matalan strike suspended after bosses offer new pay deal
A long-running Matalan strike has been called off after bosses made GMB members a new pay offer. More than 500 workers at Matalan’s Northern Distribution Centre based in Knowsley, Merseyside, had been on strike after management made a pay offer which GMB said amounted to a “real terms pay cut”.…
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